GSK will not renew sales force deal with PDI

Share this article:
GlaxoSmithKline will not renew its 2007 sales engagement with contract sales firm PDI, reported today. PDI said that the Glaxo deal represents $65 million to $70 million in annual revenue and will expire as scheduled on Dec. 31. PDI’s revenue for 2005 was $319 million, the report said. “While we are disappointed with this decision, we are proud of the work we have done for GSK over the past three years and look forward to working with them again in the future,” PDI CEO Michael Marquardt said. “Our immediate priority is to develop other opportunities to redeploy our employees who comprise this sales team.”
Share this article:
You must be a registered member of MMM to post a comment.

Next Article in Sales

This compelling e-book shares a wealth of insights designed to help members of sales forces connect with elusive HCPs. An expanded version has also been created that includes video interviews and other multimedia content. Click here for access.